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FEDERAL RESERVE statistical release H.3 (502) For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures Reserves of depository institutions total2 | non borrowed required Period millions of dollars seasonal 1/ adjusted JUNE 2 7 , Monetary base3 billions of dollars 1 Reserves of depository institutions required total? 1 non borrowed millions of dollars not seasonally adjusted 1983 Monetary base3 billions of dollars 1982—MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 38,773 38,955 39,007 39,205 39,656 39,932 40,408 40,783 37,656 37,750 38,315 38,690 38,723 39,454 39,787 40,149 38,414 38,647 38,693 38,893 39,273 39,528 40,006 40,283 168.2 169.3 169.9 170.9 172.1 173.2 174.3 175.6 38,284 38,164 38,530 38,609 39,356 39,997 40,679 41,560 37,167 36,960 37,838 38,093 38,423 39,519 40,058 40,926 37.925 37.856 38.216 38.296 38.973 39.592 40.277 41.059 167.3 168.5 170.4 170-7 171.7 173.2 175.4 178.9 1983—JAN. FEB. BAR. APR. HAY 40,119 40,341 41,003 41,302 41,238 39,589 39,758 40,210 40,293 40,286 39,571 39,905 40,570 40,826 40,789 176.3 178.0 180.2 181.2 182.8 42,216 40,227 40,230 41,048 40,706 41,686 39,644 39,438 40,039 39,754 41.668 39,791 39.797 40.572 40.257 177.7 175.9 177.7 180.3 181.7 4 11 18 25 41,599 40,801 41,109 41,304 40,674 40,094 40,036 40.353 40,997 40,393 40,731 40,854 182.5 181.9 182.7 183.0 42,016 40,389 40,544 40,495 41,091 39,682 39,471 39,544 41.414 39.981 40.166 40.045 181.7 181.9 181.7 181.0 1 8 P 15 P 22 P 41,580 41,498 41,288 42,360 40,462 40,592 39,476 40,645 41,104 40,841 40,939 41,753 183.9 184.0 183.8 184.8 40,638 40,048 40,313 41,678 39,520 39,142 38,501 39,963 40.162 39.391 39.964 41.071 182.3 183.3 183.3 184.0 SEEK ENDING: 1983—HAY. JUNE 1/ 2/ 3/ RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OF HEHBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY INSTITUTIONS. DISCONTINUITIES ASSOCIATED HITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION OF EDGE ACT CORPORATION HESERVES. AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED. RESERVE BALANCES IITH FEDERAL RESERVE BANKS (MHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS ilTH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS VAULT CASH HELD THO WEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS. NOTE: HISTORICAL DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C 20551. H.3 Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS Not adjusted for changes in reserve requirements Average of daily figures, not seasonally adjusted Reserves of depository institutions1 Period tota|2 nonborrowed required Monetary base3 millions of dollars 1982—MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 39,550 39,565 39,967 40,178 39,962 40,587 41,199 41,853 38,433 38,360 39,275 39,662 39,028 40,109 40,578 41,219 39,191 39,257 39,653 39,866 39,578 40.182 40,797 41,353 169. 1 170.5 172.4 172.8 172.4 173.8 176.0 179.3 1983—JAN. FEB. MAR. Ape. MAY. 41,864 39,798 38,035 38,650 38,282 41,334 39,215 37,243 37,640 37,330^ 41,316 39,362 37,602 38,174 37,833 177.9 176-0 175.9 178.4 179.8 4 11 18 25 39,537 37,980 38,133 38,070 38,612 37,273 37,060 37,119 38,935 37,572 37,755 37,620 179.8 180.0 179.8 179.1 1 8 P 15 P 22 P 38,219 37,688 37,940 39,201 37,101 36,782 36,128 37,486 37,743 37,031 37,591 38,594 180.4 181.5 181.5 182. 1 WEEK ENDING: 1983—MAY. JUNE 1/ 2/ 3/ RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES BITH HO ADJUSTMENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED BITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS- UNDER THE TRANSITIONAL PHlSE-IN PROGRAM OF THE MONETARY CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPOSITORY INSTITUTIONS ACT OF 1982, THE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13 1980 A REDUCTION OF $2.9 BILLION; FEBRUARY 12, 1981, AN INCREASE OF $245 MILLION; MARCH 12, 1981. AN INCREASE * OF $75 MILLION; MAY 14, 1981, AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLIONNOVEMBER 12, 1981, AN INCREASE OF $210 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 MILLION- FEBRUARY 11* 1982 AN INCREASE OF $170 MIILION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAY 13. 1982, AN ESTIMATED INCREASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER 2, 1982, AN ESTIMATED REDUCTION OF $1.2 BILLION; OCTOBER 28, 1982, AN ESTIMATED REDUCTION $100 MILLION; DECEMBER 23, 1982, AN ESTIMATED REDUCTION OF $800 MILLION; AND MARCH 3, 1983, AN ESTIMATED REDUCTION OF $1.9 BILLION. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESERVE AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF RESERVAB1E LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND AND AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES HERE LOWERED ON AVERAGE BY $60 TO $90 MILLION IN DECEMBER 1981 AND $180 TO $230 MILLION IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESERVABLE EUROCURRENCY TRANSACTIONS. ALSO. BEGINNING WITH THE WEEK ENDING APRIL 20, 1983, REQUIRED RESERVES WERE REDUCED AN ESTIMATED $80 MILLION AS A RESULT OP THE ELIMINATION OP RESERVE REQUIREMENTS ON NONPERSONAL TIME DEPOSITS WITH MATURITIES OF 2-1/2 YEARS OR MORE TO LESS THAN 3-1/2 YEARS. RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS AND SURPLUS VAULT CASH AT DEPOSITCRY INSTITUTIONS.
@FedFRASER